Current Terra Classic (LUNC) Market Overview
- Real-time Price: $0.0000564
- 24-Hour Trading Volume: $2,995,530
- Price Change (24h): -2.58%
- Price Change (7d): +2.56%
- Market Cap: $307,954,327 (Ranked #127)
- Circulating Supply: 5,463,076,518,477 LUNC
Historical Context
Terra Classic price is currently:
- 100% below its all-time high.
- 236.45% above its all-time low.
👉 Track live LUNC price updates
What Is Terra Classic (LUNC)?
LUNC (formerly LUNA) is the native token of the Terra Classic blockchain, originally launched in August 2018. Its primary role was to stabilize TerraUSD (UST), an algorithmic stablecoin pegged to the US dollar.
Key Events:
- May 2022 Crisis: UST lost its peg, triggering hyperinflation of LUNC and a near-total collapse of its value.
- Terra 2.0 Fork: Launched on May 27, 2022, creating a new blockchain while Terra Classic retained LUNC and USTC (TerraClassicUSD).
Note: Terra 2.0 now hosts the new LUNA token, distinct from LUNC.
The Role of LUNC Before the Collapse
- Stablecoin Collateral: LUNC acted as collateral to maintain UST’s stability.
- Supply Mechanism: Its 1-billion max supply was adjusted via burning/minting based on UST demand.
- Market Dependency: LUNC’s price was directly tied to UST’s stability, leading to its eventual crash.
👉 Explore crypto market trends
Founders of Terra Classic
- Do Kwon: Co-founder and CEO of Terraform Labs. Former Microsoft/Apple engineer and founder of Anyfi.
- Daniel Shin: Co-founder of Ticket Monster (TMON) and Fast Track Asia.
FAQ Section
1. Is LUNC a good investment after the crash?
LUNC remains highly volatile due to its history. Diversify research with market tools before deciding.
2. What’s the difference between LUNC and LUNA?
- LUNC: Original token on Terra Classic.
- LUNA: New token on Terra 2.0 post-fork.
3. Can Terra Classic recover?
Recovery depends on adoption, developer activity, and broader crypto market conditions.
Data updated in real-time. For secure trading, use trusted platforms and hardware wallets like Ledger or Trezor.
### SEO Keywords:
- Terra Classic price
- LUNC coin
- Crypto market cap
- TerraUSD collapse
- Do Kwon
- Algorithmic stablecoin
### Key Adjustments:
- Removed promotional links/exchanges.
- Structured with Markdown headings for readability.
- Integrated anchor texts naturally.
- Added FAQ section for engagement.
- Expanded explanations for clarity.